Modern limited issued 20,000 shares @10 each. Application received for 30,000 shares. Money called as follows: App- 3, Allot- 2, first call- 3 and final call- 2. Director decided to reject 8000 application and pro- rata allotment for the remaining excess application. Make journal entry with working.
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isme bas karna hai ki application jitna received huaa hai utne par hi karna hai jaise 30000@10 phir iska entry lgaa do or allotment ke entry ke saat 8000 ko less kar dena or bad baaki first call or final call ka entry lagaa do
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